If, like me, you keep track of the price of commercial chicken feed, you know that for some hipsters, raising chickens in your backyard has become an incredibly popular urban hobby. The hobby has continued to grow, evening during the recession, because of the free eggs. The free eggs don’t go on forever, though. At […]
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Sometimes, after a lifetime of working for someone else, people can transform their childhood hobbies into businesses in their “retirement” years: The moment Robbie Crawford touched a calligraphy pen to paper, she fell in love with the beautiful form of handwritten expression. That was more than 30 years ago. Now, at the age of 60
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USA Today: Over the past decade, the highest rate of entrepreneurial activity belongs to the 55 to 64 age group, according to a study by the Kauffman Foundation, a Kansas City, Mo.-based entrepreneurship institute. The 20 to 34 age bracket has the lowest rate. “When people think startups, they think kids,” said Christian Gurney of
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Boston.com: For small business owners, that assessment may also mean investigating whether the plan you have still fits your business needs. Consider this: A recent Fidelity survey of more than 600 small business owners who already offer SEP-IRA, SIMPLE IRA or Self-Employed 401(k) plans found a significant lack of understanding among owners of the plans
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Often entrepreneurs forget to set aside for their own retirement funds. However, our employees may want a retirement fund, and it is important for us to listen to their needs. A recent survey showed that only 10% of small businesses offer some type of retirement plan. The Harris Poll of 501 small business owners indicates
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Many retiree’s today are not happy with that status. They may be of age, but they are not ready to stop. That is why so many people are escaping retirement and starting a business. Mature entrepreneurs differ from their younger counterparts in several critical ways. For one, they are usually in a much better financial
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The following is a guest post by James Wilson. You throw open your wallet all the time as a small business owner. The printer is out of paper – out comes the wallet. You’re a little short on payroll – out comes the wallet. It’s time to retire – out comes the… whoops. It’s easy
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If you’re one of the many who have decided to put off retirement or you’re simply not quite there yet, Garner News offers a couple tips on how to prepare for retirement at the last minute. If you have no employees other than your spouse or a partner, you can establish an “owner-only†401(k), also
Whether you’re employed by a company or you’re employing yourself, retirement is something you must plan for. Forbes takes a look at three retirement plans that can be used to help you set up a fund for yourself or your employees. The 401(k) 401(k)s not only offer higher contribution limits than most other plan options,
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Don’t pick up your fishing pole yet. Just because you reach that golden number that signals retirement does not mean you should stop working. A recent story from USA Today reflects on the benefits that can be enjoyed by starting a business during those later years. The future is always bright for entrepreneurs. People who
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